Simple cash flow strategies to keep your business on track Cash flow pressures continue to drive high insolvency risks for Australia’s small and medium-sized businesses, according to CreditorWatch’s July Business Risk Index The data reveals a worrying jump in business-to-business (B2B) invoice defaults, a key predictor of future financial distress. In the current economic […]
One in five small and medium-sized business (SMB) owners spend nearly a full working week each month on financial admin, according to a recent national survey. The research, commissioned by accounting tech company Dext, found that 21% of SMB owners spend between 21 and 40+ hours per month on non-revenue generating tasks like invoicing, payroll, […]
If you’re a business owner, you’ve probably noticed the change. Hiring is taking longer, budgets are tighter and your team may be working fewer hours. The latest labour force data from the Australian Bureau of Statistics (ABS) confirms it: unemployment rose to 4.3% in June, the highest level since December 2021. While the number might […]
In today’s complex regulatory environment, community clubs face numerous challenges in maintaining compliance while fulfilling their mission to serve the community. This article explores key lessons from the partnership between Omnia Business Solutions and the Kellyville Bushrangers, highlighting the importance of professional support in managing compliance and governance for community organisations. The Role of Professional […]
Imagine this: your biggest client pulls the plug tomorrow – no warning, no buffer. For many business owners, that’s not just a nightmare scenario; it’s a plausible risk. According to the latest SME Growth Index Report, by ScotPac, almost one in five Australian SMEs believe they’d be out of business if one major client or supplier […]
If you’re planning to sell your business, bring on an investor, form a partnership or give a key employee a stake, you’ll need to calculate what your business is worth. This can be tricky for small businesses, because – unlike listed companies – there’s no share price determined by market forces. Below are three commonly […]
As your business grows and evolves, you may need to change your business structure to improve efficiency, reduce risk, or meet financial goals. Transitioning from one business structure to another can have legal and tax implications, so it’s important to understand the process before you get started. Reasons to change your business structure There are […]
Growing your business is a continual process that requires focus and strategic thinking. Here are 15 practical ideas to help you grow your business successfully in 2025. 1. Make your website faster Did you know that approximately 53% of users will leave a website if it takes more than three seconds to load? Your website […]
What is Peppol? Peppol is an acronym for Pan-European Public Procurement Online. It is a network that enables the exchange of electronic documents, such as invoices, orders, and catalogues, between buyers and suppliers across Europe and beyond. Peppol was initiated by the European Commission in 2008 as a project to improve the efficiency and transparency […]
How carbon accounting can help your business reduce emissions, save costs, and gain a competitive edge What is carbon accounting? Carbon accounting is the process of measuring, reporting, and reducing the greenhouse gas (GHG) emissions associated with your business activities. It involves quantifying the sources of carbon dioxide (CO2) and other GHGs, such as methane […]